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Stories tagged with infoUSA

Gupta picks home-grown board members

By Laurie Bennett   |   July 16, 2007 at 7:23am   |   1 Comments

While controversial tech entrepreneur Vinod Gupta
widely cultivates political alliances around the country, he stays
close to home when he picks board members for his Omaha-based company,
infoUSA.

Six of the company’s eight directors, including Gupta, have strong ties to Omaha or Nebraska, a Muckety analysis shows. A seventh is a name partner in a law firm that did more then $1 million in business with infoUSA last year.

Truly independent directors are a key to responsible corporate governance, experts say. If directors are too close to a CEO, they can’t properly oversee his actions.

Gupta’s lavish spending on his political connections, including naming buildings after Bill and Hillary Rodham Clinton in one of his India projects, have caused a backlash. Some infoUSA shareholders sued Gupta for wasting company money.


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